PTC Inc (PTC)
Quick ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 265,808 | 247,749 | 248,971 | 264,997 | 288,103 | 281,513 | 320,477 | 387,588 | 272,182 | 322,326 | 306,701 | 296,125 | 326,532 | 365,756 | 326,081 | 398,697 | 275,458 | 377,428 | 826,776 | 237,017 |
| Short-term investments | US$ in thousands | — | — | — | — | 123,684 | — | — | — | — | — | — | 87,306 | — | — | — | — | 28,129 | 25,830 | 34,254 | 29,260 |
| Receivables | US$ in thousands | 861,953 | 674,959 | 705,493 | 678,000 | 811,398 | 625,471 | 643,017 | 562,036 | 636,556 | 473,298 | 510,196 | 478,673 | 541,072 | 432,980 | 434,533 | 415,835 | 415,221 | 319,244 | 352,673 | 344,412 |
| Total current liabilities | US$ in thousands | 1,667,190 | 1,569,250 | 1,515,020 | 950,333 | 1,671,180 | 1,611,660 | 1,593,050 | 786,742 | 792,258 | 769,671 | 782,381 | 779,978 | 779,282 | 746,199 | 766,820 | 712,238 | 680,760 | 666,291 | 1,192,170 | 631,512 |
| Quick ratio | 0.68 | 0.59 | 0.63 | 0.99 | 0.73 | 0.56 | 0.60 | 1.21 | 1.15 | 1.03 | 1.04 | 1.11 | 1.11 | 1.07 | 0.99 | 1.14 | 1.06 | 1.08 | 1.02 | 0.97 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($265,808K
+ $—K
+ $861,953K)
÷ $1,667,190K
= 0.68
The quick ratio of PTC Inc has shown some fluctuation over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Looking at the trend, we see that the quick ratio decreased from 1.02 in March 2020 to 0.56 in June 2023. This significant decline could indicate potential liquidity issues or difficulty in meeting short-term liabilities. However, the ratio improved to 0.99 in March 2024, suggesting a better ability to cover short-term obligations.
The quick ratio of PTC Inc has been volatile, but it has generally stayed above 1 in recent quarters, indicating a healthy liquidity position. A quick ratio above 1 typically suggests that the company can cover its current liabilities with its most liquid assets.
Overall, despite the fluctuations, the recent trend in the quick ratio of PTC Inc shows improvement and a relatively stable liquidity position in the short term. It would be important for stakeholders to continue monitoring this ratio to ensure the company's ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024